Sensex shed some losses; mid and smallcaps outperform
Published: 11th September 2013 02:18 PM
Last Updated: 11th September 2013 02:18 PM
Indian markets continued to trade in the negative terrain on
Wednesday led by losses seen in FMCG, consumer durables and oil
& gas stocks. Howver, midcap and smallcap stocks outperformed
the benchmark indices.
At 1.44 p.m., the Sensex was trading down 125.82 points or 0.63%
at 19,871.27 with 17 components falling. Meanwhile, the Nifty was
trading lower by 45.85 points or 0.78% at 5,850.90 with 26
I T C contributed fall of 36.91 points in the Sensex. It was
followed by Housing Development Finance Corporation (32.3 points),
Tata Motors (17.28 points), Reliance Industries (16.58 points) and
I C I C I Bank (15.62 points).
However, State Bank Of India contributed rise of 14.82 points in
the Sensex. It was followed by Larsen & Toubro (12.36 points),
Grasim Industries (7.41 points), Hindalco Industries (5.56 points)
and Tata Steel (5.54 points).
Major gainers in the 30-share index were Hindalco Industries
(3.63%), Tata Steel (2.21%), State Bank Of India (1.97%), Maruti
Suzuki India (1.56%), Hero Motocorp (1.25%), and Larsen &
On the other hand, Tata Motors (2.63%), Housing Development
Finance Corporation (2.09%), Bharat Heavy Electricals (2.07%),
Cipla (2%), Hindustan Unilever (1.99%), and I T C (1.73%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.97% and 0.61% respectively. The major
gainers in the BSE Midcap were Amara Raja Batteries (8.11%), CORE
Education and Technologies (4.95%), Allahabad Bank (3.76%),
Allcargo Logistics (0.53%) and Amtek India (0.29%).The major
gainers in the BSE Smallcap were Dr Datsons Labs (9.93%),
Styrolution ABS (India) (4.9%), Adhunik Metaliks (3.6%), Advanta
(1.56%) and Action Construction Equipment (0.45%).
Sectors in Limelight
The Metal index was at 8,521.99, up by 167.26 points or by
2.00%. The major gainers were JSW Steel (5.73%), Hindalco
Industries (3.63%), Jindal Steel & Power (1.03%), Coal India
(0.42%) and Bhushan Steel (0.03%).
The FMCG index was at 6,736.56, down by 98.31 points or by
1.44%. The major losers were Dabur India (2.23%), Hindustan
Unilever (1.99%), I T C (1.73%), Godrej Consumer Products (1.72%)
and Colgate-Palmolive (India) (1.44%).The Consumer Durables index
was at 5,915.03, down by 72.57 points or by 1.21%. The major losers
were Titan Industries (2.49%), Rajesh Exports (1.21%), Whirlpool Of
India (0.76%), Blue Star (0.43%) and Videocon Industries
Market breadth was positive with 1,200 advances against 985
Value and Volume Toppers
Financial Technologies (India) topped the value chart on the BSE
with a turnover of Rs. 809.16 million. It was followed by State
Bank Of India (Rs. 628.36 million), Wockhardt (Rs. 504.92 million)
and Yes Bank (Rs. 445.18 million).
The volume chart was led by Jaiprakash Associates with trades of
over 6.46 million shares. It was followed by Spicejet (4.61
million), Financial Technologies (India) (4.41 million) and Unitech